News with the tag "ML"

What is crypto money laundering? Crypto money laundering involves concealing illegally obtained funds by funneling them through cryptocurrency transactions to obscure their origin. Criminals may operate offchain but move funds onchain to facilitate laundering. Traditionally, illicit money was moved ...

Wash trading and money laundering distort NFT markets, creating fake demand and facilitating illicit activities.

South Korea’s Financial Intelligence Unit wants to strengthen anti-money laundering measures, specifically by enhancing ways to monitor crypto transactions. On March 5, the FIU revealed a number of strategies to prevent money laundering at the AML Inspection Trustee Council, according to local media...

In a decisive move to safeguard its financial ecosystem, South Korea is doubling down on its anti-money laundering (AML) infrastructure. With the rise of sophisticated financial crimes, particularly those involving the burgeoning cryptocurrency sector, the nation’s Financial Intelligence Unit (FIU) ...

Bitcoin Magazine Stablecoins, Not Bitcoin, In Focus At First U.S. Digital Assets Subcommittee Hearing Today, the Senate Banking Subcommittee on Digital Assets hosted its first hearing, entitled “Exploring Bipartisan Legislative Frameworks for Digital Assets,” at which certain members of the subcommi...

Strategy – the Bitcoin (BTC) treasury company formerly known as MicroStrategy – has scooped another 20,356 BTC in its latest cryptocurrency acquisition. The purchase has pushed the firm’s total holdings to 499,096 BTC. Strategy Continues To Stack Bitcoin In an X post today, Strategy co-founder and e...

“OKX was used to facilitate over five billion dollars’ worth of suspicious transactions and criminal proceeds,” said Acting U.S. Attorney Matthew Podolsky. OKX Settles for $500M Following Guilty Plea in Anti-Money Laundering Case Seychelles-based cryptocurrency exchange OKX pled guilty to one count ...

Brevan Howard Digital’s Abu Dhabi branch has allocated $20 million in assets to Kinto, an on-chain financial portal, marking a significant move by a traditional financial institution into decentralized finance. Kinto provides a tailored blockchain platform with a custom smart contract wallet, enabli...

Nasdaq-listed Zoom Communications (ZM), a stock market high-flyer during the pandemic boom that's faced tougher times since, should embrace a bitcoin (BTC) strategy to shake up sluggish stock performace and provide value to shareholders, said Eric Semler, chairman of medical technology firm Semler S...

Chinese police have uncovered a large-scale underground banking operation that used cryptocurrency to facilitate cross-border fund transfers, resulting in multiple arrests. According to a report by China National Radio published on February 12, 2025, the network laundered over CNY 1 billion ($136 mi...